Rapeseed Gains on Uncertain EU Crop Outlook – ICE Canola Flat

Rapeseed futures on Euronext advanced again on Thursday, supported by continued uncertainty around European harvest conditions. Meanwhile, ICE canola remained mostly flat amid smooth planting and calm weather in Canada.

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📊 Market Overview – Euronext & ICE

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🌍 Key Market Drivers

• Crop Uncertainty in Central & Northern EUSoil moisture levels remain inconsistent. French, German, and Polish crops face patchy development.
• Canada: Smooth Planting Keeps Activity LowCanola planting continues without major weather disruptions. Producers remain sidelined, awaiting price incentives.
• Biodiesel Scepticism in U.S. Pressures Soy OilTraders await clearer biofuel policy signals. The lack of action weighs on oilseeds broadly but hasn't derailed rapeseed’s rally.

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💼 Trading Strategy & Outlook

The price trend remains upward, supported by weather risks and spread tightening. Volumes surged on Thursday, especially in the August contract.

Recommendations:– Buyers: Consider partial cover above €485 with a €495 target– Sellers: Protect offers around €492–495 until volatility fades– Watch technicals: Next resistance at €490.75, then €495.00

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📈 3-Day Price Forecast (Euronext Aug 25)

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🌦️ 14-Day Weather Outlook – Key Rapeseed Regions

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